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Discussion Forum Index --> Tax Questions --> W2 and 1099 employee Mommafor123 (talk|edits) said: 20 April 2007
Hi, I have just become W2 employee with a local store. I would like to know since I am a W2 employee, can I also be a 1099 employee if I contract with the store to instruct there? I thought I would be paid hourly for hours worked in the store as a W2 employee and then I could bill them for contract work done teaching as a 1099? Help!
JR1 (talk|edits) said: April 20, 2007
Generally not. IRS doesn't like to see W2's and 1099's coming from the same company to the same person in the same year. In their thinking, you cannot have two different relationships with the same person at the same time.
Yes. You get W2 as an employee, and if you consult you get 1099.
From TaxAlmanac, A Free Online ResourceNote: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.Jump to: navigation, searchDiscussion Forum Index --> Tax Questions --> W2 and 1099 employee Mommafor123 (talk|edits) said: 20 April 2007Hi, I have just become W2 employee with a local store. I would like to know since I am a W2 employee, can I also be a 1099 employee if I contract with the store to instruct there? I thought I would be paid hourly for hours worked in the store as a W2 employee and then I could bill them for contract work done teaching as a 1099? Help!JR1 (talk|edits) said: April 20, 2007Generally not. IRS doesn't like to see W2's and 1099's coming from the same company to the same person in the same year. In their thinking, you cannot have two different relationships with the same person at the same time.
Yes they do receive copies of the same information that each taxpayer receives for the tax year.
If you received two different 1099-R forms from the same place you will have to file both of them. You do need to make sure that these are not just two copies of the same form. If they are two copies then you don't have to file both of them.
Yes you can and the IRS also gets a copy with the same information.
The deadline to receive 1099 tax forms is the same as for W-2 forms. Federal law states that this information should be received by the taxpayer by January 31 each year. The taxpayer is responsible for providing the information needed to send the 1099 tax form.
if husband and wife both r govt employee they both can get the leave encashment
Yes they do receive a copy of all of the mentioned items that each taxpayer receives and more information about other worldwide gross income that some taxpayers receive during the year.
Why not? As the work performance will be the same done by both of them, they can get the same pay.
Yes, provided it was not an EXTENDED leave of absence.
Yes, especially from 1099 to W-2...much harder the other way.
In general, you may receive both military and Social Security benefits at the same time.